Hello CryptoWorld
Going forward to 2021, the social interest for Crypto space is under rapid increase especially for top coins and projects.
Searching and trying to collect more data about this new financial sector, you will come across with surveys about crypto and the new monetary system which is based on Satoshi's vision and action 11 years ago.
I found out one appealing publication from Cambridge "3RD GLOBAL CRYPTOASSET
BENCHMARKING STUDY".
The basic highlights and main conlusions are:
- Industry-wide, the growth in FTE employment declined by 36 percentage points between 2017 and
2019, whereas the median firm reported a 75-percentage point downward change in employment
growth. - Individual firm employment data shows that a notable proportion
of companies (26%) have sustained an annualised growth in employment level above 10% over the
past three years. - The survey findings estimate that on average 39% of proof-of-work mining is powered by renewable
energy, primarily hydroelectric energy.
- 23% of surveyed hashers report receiving support from governments.
- Data shows that off-chain transactions, both in terms of
volumes and numbers, continue to be dominated by fiat-cryptoasset trades (and vice-versa), meaning
that users primarily interact with ‘gateway’ service providers, such as exchanges, to enter and leave the
cryptoasset ecosystem. - Stablecoins are becoming increasingly available. The share of service providers supporting Tether grew
from 4% to 32% between 2018 and 2020, compared to 11% to 55% support growth for non-Tether
stablecoins.
- An updated estimate of the number of cryptoasset users indicates a total of up to 101 million unique
users across 191 million accounts opened at service providers in Q3 2020. - The composition of business and institutional clientele differs from region to region. While North
American and European firms primarily serve cryptoasset hedge funds and traditional institutional
investors, Middle Eastern and African service providers that cater to non-retail clients focus on online
merchants (50%). - The share of cryptoasset-only companies that did not conduct any KYC checks at all dropped from
48% to 13% between 2018 and 2020. - Regardless of their location or size, the vast majority of surveyed cryptoasset service providers keep
cryptoasset funds in cold storage (90%).
- A decoupling of duties, such as between custody, clearing and settlement responsibilities, appears to
be underway and may lead to greater resemblance with traditional financial market infrastructure. - However, further intertwining with the traditional financial system and greater institutional adoption
are conditional on enhanced compliance with international standards.
If you like reading the whole publication the link is here : https://www.jbs.cam.ac.uk/wp-content/uploads/2020/09/2020-ccaf-3rd-global-cryptoasset-benchmarking-study.pdf
If you are interested in participating in a OECD's survey then you have to click on this link : https://www.oecd.org/financial/education/consumer-insights-survey-on-cryptoassets.pdf
Crypto Mass Adoption is ongoing and we are the early adopters.
Hope the best.
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Have a great day!!!!!
